xvi, 364 pages : 24 cm

"How was Nick Leeson allowed to bring down Barings? How could the City's oldest merchant bank be destroyed, apparently almost overnight, by the reckless gambles of a single trader?" "Leeson has given his own account, but All That Glitters tells for the first time the full enthralling story. It lays bare the bizarre and dazzling world of modern financial markets, where national boundaries have been broken by traders who gamble millions of pounds daily, and the ambition, greed and carelessness of those who are meant to control and benefit from the trade." "This book explains how Leeson was drawn into creating fictitious profits in a misguided attempt to impress those around him, and how an entire organization fooled itself into believing that he had discovered the secret of making money at will, in a way that none of its rivals could emulate. The narrative follows Barings from its foundations as a merchant bank in the eighteenth century, through its rapid growth in the 1980s, to the moment of hubris when it appeared to have recaptured for the City of London a place as a leading force in international finance." "The authors have conducted hundreds of interviews with almost everyone who was intimately involved. They have exclusive access to unpublished letters and records and to extraordinarily gripping telephone transcripts from the final days, making All That Glitters the definitive, most lucid and compelling account of how a British bank allowed a twenty-seven-year-old to fool them into thinking that he was the most sophisticated and daring trader of them all - until he brought it tumbling down around their ears."--Jacket

Includes index

Includes bibliographical references (pages 345-349) and index

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